Message:

<p>[QUOTE=&quot;RaceBannon, post: 1484613, member: 25357&quot;]I&#039;ve been considering selling my collection for a while now.&nbsp; Up to this point I&#039;ve been a pure collector/horder.&nbsp; I&#039;ve sold a few coins on eBay but mostly for the past 8 or 9 years since I entered the hobby, I&#039;ve been a collector/accumulator.</p><p><br /></p><p>So I figured I&#039;d see what I could get for my collection if I took it to a dealer.&nbsp; I called a local dealer and told him that I had a collection, would he like to take a look at it and see what he might offer for it.&nbsp; I brought in a sizeable portion of my collection, ie most of the US sets I&#039;ve completed or am very close to finishing:&nbsp; </p><p><br /></p><p>--A&nbsp; set of Morgan Dollars in a Dansco, minus the 93 S, most coins in XF-MS63.&nbsp; 94 slabbed in XF-45</p><p>--A complete set of Peace Dollars in AU/BU</p><p>--A&nbsp; set of SLQs in VF-XF, minus the 1916, 1923 S slabbed in F12</p><p>--A complete set of Indian Head Cents in VG-XF, 1877 slabbed in G6, 1909 S in F12</p><p>--A complete set of Lincoln cents G-VF, 1909 s VDB slabbed in VF20, 14 D in VG8</p><p>--A complete set of Mercury Dimes VG-VF, 1916D slabbed in G4</p><p>--A complete set of Buffalo Nickels VG-VF, 1937 3 legged slabbed in VF25</p><p>--A set of Barber Halves in VG-VF, minus the 92O, 96S, 97S</p><p>--A complete set of Walking Liberty Halves in VG-AU</p><p><br /></p><p>I had calculated the Red Book value of these coins at around $38k.&nbsp; I know that&#039;s pure fantasy and did not expect to get anything near it.&nbsp; I consider myself a prudent buyer, I haggle quite a bit and try to pay between graysheet ask and bid. I actually have invested around $27-28k in the collection.&nbsp; Well I was a little shocked when his initial ballpark offer came in at $16k, or about 60% of what I paid for the collection.&nbsp; He said if I wanted to really sell, he&#039;d take a closer look at the individual coins and the offer may differ.&nbsp; He didn&#039;t say it would increase, but I took it to mean he might come up a bit.</p><p><br /></p><p>This experience really brought home to me what everybody constantly says on this forum: &quot;As a collector, it&#039;s hard to make money in coins.&quot;&nbsp; It would be a lot of work and hassle, but I&#039;m sure I could do better than that just by breaking the sets up and selling them individually on eBay,&nbsp; even after I took the 9% seller&#039;s fee and 3% pay pal fees out.</p><p><br /></p><p>What say ye with experience in selling coins?&nbsp; Is this a typical dealer type offer?&nbsp; I understand they need to make a profit to stay in business but 40%?&nbsp; Should I take the coins to a different dealer or should I break up the sets and sell them myself?[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in